scholarly journals MENENTUKAN PREMI TAHUNAN UNTUK TIGA ORANG PADA ASURANSI JIWA HIDUP GABUNGAN (JOINT LIFE)

2015 ◽  
Vol 4 (4) ◽  
pp. 195
Author(s):  
TRI YANA BHUANA ◽  
I NYOMAN WIDANA ◽  
LUH PUTU IDA HARINI
Keyword(s):  
Interest Rate ◽  
Life Insurance ◽  
Married Couple ◽  
Life Annuity ◽  
Die Life ◽  
Single Premium ◽  
The Interest Rate ◽  
Annual Premium ◽  
Parent Child

Life insurance products consist of a single life insurance and joint life insurance. Joint life is a state where the rule die life is a combination of two or more factors, such as the husband-wife, parent-child. The research is to obtain the formula of the annual premium of joint life insurance with the age of x, y, and z. By using formula and constants Helligmann-Pollard will be determined value of mortality tables, life annuity and single premium to get the formula annual premium joint life insurance for three persons. In addition, this study also aims to get the number of annual premium joint life insurance for a household of three consisting of a married couple and one son with the ages of 50, 45, dan 15 years old, with the interest rate of 5% used. For the contract terms of one and two years, the annual premium of joint life for two persons respectively and greater than the joint life insurance of three persons. While for three to ten years contract, the annual premium of joint life insurance three person is bigger than the joint life insurance for two persons.

scholarly journals MENENTUKAN FORMULA PREMI TAHUNAN TIDAK KONSTAN PADA ASURANSI JOINT LIFE

2015 ◽  
Vol 4 (4) ◽  
pp. 152
Author(s):  
I GEDE BAGUS PASEK SUBADRA ◽  
I NYOMAN WIDANA ◽  
DESAK PUTU EKA NILAKUSMAWATI
Keyword(s):  
Life Insurance ◽  
Insurance Contracts ◽  
Life Annuity ◽  
Single Premium ◽  
Constant Interest ◽  
Annual Premium

The aim of this research was to determine the annual premium formula that turns on the joint life insurance. This formula uses the reference insurance contracts of the previous research Insurance Models for Joint Life and Last Survivor Benefits. The first step is to determine the value of mortality tables by using the Table Helligman-pollard. Furthermore, determining the value of a life annuity and single premium. The results of this research was formula to be affected by the changing premium () with the increase and decrease in constant interest.

scholarly journals PERHITUNGAN PREMI TAHUNAN TIDAK KONSTAN DAN CADANGAN BENEFIT ASURANSI LAST SURVIVOR DWIGUNA

2020 ◽  
Vol 9 (2) ◽  
pp. 104
Author(s):  
SANI SAEFULOH ◽  
I NYOMAN WIDANA ◽  
LUH PUTU IDA HARINI
Keyword(s):  
Life Insurance ◽  
Equivalence Principle ◽  
Married Couple ◽  
Endowment Insurance ◽  
Second Person ◽  
Annual Premium

Last Survivor Insurance is life insurance for two or more participants with premiums paid until the death of the last participant. This study discusses last survivor endowment insurance for two participants in a married couple. Compensation is paid after the second person dies or both stills alive after the end of a contract. The purpose of this study is to determine the value of non-constant annual premium and benefits reserves in the last survivor endowment insurance. The equivalence principle is used for calculation of premiums. Furthermore, the benefit reserve formula is determined using a prospective method. The value of the benefit reserve will continue to increase as long as premium payments are still being made.

scholarly journals PENENTUAN CADANGAN PREMI DENGAN PERHITUNGAN PROSPEKTIF UNTUK ASURANSI PENDIDIKAN

2018 ◽  
Vol 7 (2) ◽  
pp. 122
Author(s):  
ANGGIE EZRA JULIANDA HUTAPEA ◽  
I NYOMAN WIDANA ◽  
LUH PUTU IDA HARINI
Keyword(s):  
Interest Rate ◽  
Insurance Contract ◽  
The Interest Rate ◽  
Mortality Table ◽  
Monthly Premium ◽  
Annual Premium

The purpose of this research is to get formula to calculate premium reserve value with prospective calculation for education insurance. This study examines the value of premium reserves for people aged 40 years with a coverage period of 17 years. In determining the value of premium reserve using the prospective calculation. It will be started by completing the value of the Indonesian Mortality Table 2011 using the interest rate of 6.5%, calculating the cash value of the benefit, the annuity value, the net annual premium value, and the net monthly premium value. The results of this study indicate that the value of premium reserves with a prospective calculation for benefits paid at the end of the year and the premium reserve value for benefits paid at the time the insured dies, its value with the value of the cash price set by the insurer at the end of year- 17 on the insurance contract.

scholarly journals Austria

2020 ◽  
Vol 20 (63) ◽  
Author(s):  
Keyword(s):  
Interest Rate ◽  
Life Insurance ◽  
Large Scale ◽  
Gdp Growth ◽  
Insurance Sector ◽  
Investment Returns ◽  
Rate Environment ◽  
Single Premium ◽  
Duration Gap

The insurance sector is experiencing low growth, stemming mainly from life business and a prolonged low-interest-rate environment. While the total assets have increased in nominal terms, it has underperformed GDP growth. Some segments, in particular single-premium products in life insurance, are suffering from material declines of premiums. Insurers are coping with the challenges with large-scale mergers domestically and international expansions. The duration gap between asset and liabilities was one of the highest among the European peers. The average guaranteed rates remain high, while the investment returns continue to decline.

scholarly journals Interest Rate in Pension Plan Premium Calculation

2020 ◽  
Vol 21 (1) ◽  
pp. 40-45
Author(s):  
Khafsah Joebaedi ◽  
Kankan Parmikanti ◽  
Agus Supriatna ◽  
Fauzi Akhmad ◽  
Badrulfalah Badrulfalah ◽  
...  
Keyword(s):  
Interest Rate ◽  
Interest Rates ◽  
Pension Plan ◽  
Defined Benefit ◽  
Life Annuity ◽  
Defined Benefit Pension Plan ◽  
Rate Relationship ◽  
Premium Calculation ◽  
The Interest Rate ◽  
The Relationship

This research aims to analyze the relationship between the interest rate relationship is inversely proportional to the amount of the premium on the pension plan. The method used is to measure several variables, among others FSL (Future Service Liability), PVFSAL (Present Value Future Salary), PR (Pension Rate) and Premiums. Calculation, life annuity uses actuarial assumptions, one of which is the interest rate assumption, if the assumptions used are not in accordance with the actual conditions, then what happens is excessive payments or deficient payments. The interest rate has an influence in the process of calculating the defined benefit pension plan premium. Using the assumption of different interest rates (11%, 12 % and 13%), it is found that the interest rate relationship is inversely proportional to the amount of the premium. The results of this study are FSL, PVFSAL, PR and Premiums for the interest of 11%, 12% and 13% (participants aged 25 years) as follows 720,187.97; 554,000,24; 430,570.07 (FSL in Rupiah); 27,155,187.70; 24,922,770,59; 23,002,699.40 (PVFSAL in Rupiah); 2.6521; 2.2229; 1.8718 (PR in%) and 55,535.38; 46,546.85; 39,196.00 (Premiums in Rupiah)The higher the interest rate, the smaller the pension premium and vice versa.

scholarly journals The Annual Premium of Life Insurance on The Joint-Life Status based on The 2011 Indonesian Mortality Table

2020 ◽  
Vol 3 (3) ◽  
pp. 263-270
Author(s):  
Stacia Litha Suryani ◽  
Rudi Ruswandi ◽  
Ahmad Faisol
Keyword(s):  
Interest Rates ◽  
Life Insurance ◽  
Equivalence Principle ◽  
Life And Death ◽  
Premium Payment ◽  
Life Chances ◽  
Force Of Mortality ◽  
Mortality Table ◽  
Annual Premium ◽  
Parent Child

Life insurance is insurance that protects against risks to someone's life. Joint Life Insurance is insurance where the life and death rules are a combination of two or more factors, such as husband-wife or parent-child, and if the first death occurs, then the premium payment process is stopped. The annual premium is the premium paid annually. In this study, the annual premium is calculated continuously with the equivalence principle based on the 2011 Indonesian Mortality Table.  The calculation shows that the amount of annual premiums for 2 (two) and 3 (three) people is not much different. The factors that influence the annual premium amount are the duration insurance period, age at signing the policy, interest rates, life chances, force of mortality, and the number of benefits.

Premi Asuransi Jiwa Joint Life dan Last Survivor dengan Asumsi Balducci

2019 ◽  
Vol 2 (2) ◽  
Author(s):  
Hasriati Hasriati ◽  
Putri Rikawati
Keyword(s):  
Life Insurance ◽  
Present Value ◽  
Individual Life ◽  
Single Premium ◽  
Annual Premium

Makalah ini membahas premi asuransi jiwa joint life dan last survivor dwiguna dengan peluang hidup menggunakan asumsi Balducci. Dalam hal ini  peserta asuransi dibatasi hanya untuk dua orang yang berusia x dan y tahun dengan nilai tunai anuitas hidup awal yang menggunakan peluang hidup asumsi Balducci. Dalam asuransi jiwa last survivor perhitungan preminya berkaitan dengan asuransi jiwa perorangan dan asuransi jiwa joint life. Premi tahunan asuransi jiwa last survivor diperoleh dengan menentukan nilai tunai anuitas hidup dan premi tunggalnya.   This article discusses the premium of endowment of life insurance of joint life and the last survivor status with life appourtunity using Balducci assumptions. In this article, insurance clients are limited to only two persons who are x and y years old with the premium paid until the last death of the insurance clients. In life insurance of the last survivor the premium is determined by associated with individual life insurance and life insurance joint life. The annual premium of life insurance of the last survivor is obtained by determining the present value of annuity and single premium.        

How to derive optimal guarantee levels in participating life insurance contracts

2019 ◽  
Vol 20 (5) ◽  
pp. 445-469 ◽  
Author(s):  
Alexander Braun ◽  
Marius Fischer ◽  
Hato Schmeiser
Keyword(s):  
Interest Rate ◽  
Interest Rates ◽  
Life Insurance ◽  
Asset Allocation ◽  
Equity Capital ◽  
Insurance Companies ◽  
Insurance Company ◽  
Content Type ◽  
Contract Duration ◽  
The Interest Rate

Purpose The purpose of this paper is to show how an insurance company can maximize the policyholder’s utility by setting the level of the interest rate guarantee in line with his preferences. Design/methodology/approach The authors develop a general model of life insurance, taking stochastic interest rates, early default and regular premium payments into account. Furthermore, the authors assume that equity holders must receive risk-adequate returns on their initial equity contribution and that the insurance company has to maintain a solvency restriction. Findings The findings show that the optimal level for the interest rate guarantee is in general far below the maximum value typically set by the supervisory authorities and insurance companies. Originality/value The authors conclude that the approach of deviating from the maximum interest rate guarantee level given by the regulatory requirements can create additional value for the rational policyholder. In contrast to Schmeiser and Wagner (2014), the second finding shows that the interest rate guarantee embedded in a life insurance product becomes less attractive compared to a pure investment in the underlying asset portfolio to the policyholder when the guarantee level is lowered too far or the contract duration is short. They also refute Schmeiser and Wagner (2014) by showing that the equity capital required by the insurance company increases with the level of the guarantee, even if the insurer is flexible with respect to its asset allocation. The last finding is that a policyholder with higher risk aversion does not generally prefer a higher guarantee level.

Patient Statement: Chemical Sensitivity One Victim's Perspective

1994 ◽  
Vol 10 (4-5) ◽  
pp. 319-321
Author(s):  
Cynthia Wilson
Keyword(s):  
Interest Rate ◽  
Real Estate ◽  
Life Insurance ◽  
Commercial Real Estate ◽  
Insurance Company ◽  
Chemical Sensitivity ◽  
Life Insurance Company ◽  
New Construction ◽  
Real Estate Developers ◽  
The Interest Rate

Not a day goes by that I don't miss my old life and the old me. To illustrate how my life has changed, I have two brief stories. In 1982, I developed a lending procedure in conjunction with Banker's Life Insurance Company that enabled commercial real estate developers to secure permanent financing for property that had not yet been developed in essence using a permanent loan in place of a construction loan. It fixed the interest rate, at a time when new construction rates were bankrupting many projects and it allowed the developer to invest the excess funds to offset interest expenses. I received national recognition for this loan. In 1989, the police found me wandering around in 15 inches of snow, in below zero weather with no shoes or coat. The officer took me to the hospital because I was obviously disoriented. I didn't even know my name or where I lived. These stories show the disparity between my life as a successful, independent business woman and my life as someone who is chemically disabled.

Sign in / Sign up

Export Citation Format

Share Document